If you are trading futures then you need to pay attention to the higher timeframes – ie daily and weekly charts. There is a potential that resistance has formed and a test for support may be coming in.
Trading Futures Using Higher Time Frames – Outlook
The weekly chart on the futures is showing that price has almost arrived at an area that may potentially resist price and the Stochastics is overbought at the moment.
Then going down to the daily, there is a potential for a small double top formation to form, if today’s candlestick turns out to be a bearish candlestick formation.
Additionally, watch out for Wednesday because the FOMC Statement and Federal Funds Rate will be announced followed by the FOMC Press Conference. Then on Friday, the Non-Farm Employment Change will be released at 8:30 am New York time.